2 Derne Street, Boston MA 02114
Boston, MA 02114 • Beacon Hill
$3,299,000
Est. $16,882/month
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About this home
2 Derne Street is a rare six-unit brick multifamily investment opportunity in a trophy Beacon Hill location directly across from the Massachusetts State House. The property consists of five well-renovated one-bedroom residential apartments, all fully occupied on annual leases providing stabilized in-place income, along with one ground-floor commercial unit (identified as 45-B Bowdoin Street) offered vacant for maximum flexibility to lease, reposition, or owner-occupy. Units throughout present very well, with select spaces still offering value-add upside for further rent growth. Ideally situated just steps from Boston Common, Charles Street's shops and restaurants, MGH, Downtown Boston, and the Financial District, with immediate access to MBTA Red and Green Line service, 2 Derne Street offers investors a rare combination of classic Beacon Hill architecture, dependable cash flow, and long-term upside in one of Boston's most enduringly desirable neighborhoods
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 9, 2026
$3,299,000
Original listing
Agent: Daniel Alper
Office: Boston Realty Advisors
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/09/2026 | 🏠 Listed for Sale | $3,299,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9 | $9 |
Financial Details
Annual Property Tax
$9
Tax Year 2026
Assessed Value
$9
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1899
Living Area
4,241 sq ft
Lot Size
0.02 acres
Bedrooms
5
Full Baths
6
Total Rooms
18
Investment Metrics
Units
6
Unit 1 Rent
$2,950/mo · Y
Unit 2 Rent
$2,700/mo · Y
Unit 3 Rent
$2,800/mo · Y
Unit 4 Rent
$2,750/mo · Y
Total Monthly Rent
$11,200/mo
Gross Income
$207,000
Net Operating Income
$153,509
Cap Rate
4.65%
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile, Varies
Appliances
None
Fireplace
None
Fireplaces
3
Basement
Full, Finished, Walk-out Access, Interior Entry
Laundry
None
Features
None
Exterior
Construction
Brick
Architecture
None
Roof
Other
Features
Decorative Lighting
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Features
On Street
Utilities
Electric
Other (see Remarks)
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9
Assessed Value
$9
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Recent Capital Improvements: Upgraded Fire Escapes (2025), New Roof (2018), New Boiler (2018), New Chimney Liner (2018), Repointing (2018), Masonry Window Lentils (2018), New Storm Windows, And More. Disclosures: Gross Income And Noi Presented Are Proforma Figures.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Measured
Sq Ft Disclosures
Measured by National Floor Plans. 4,564 GSF
Documents
None
County
Suffolk
Total market time (incl. prior listings)
25 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1899
Bedrooms
5
Full Bathrooms
6
Living Area
4,241 sq ft
Total Rooms
18
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,241 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Varies
Appliances:
Interior Features:
Windows:
Storm Window(s)
Basement:
Full, Finished, Walk-Out Access, Interior Entry
Laundry:
Security:
Construction & Materials
Year Built:
1899
Structure Type:
Exterior Materials:
Brick
Roof:
Other
Foundation:
Other
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Decorative Lighting
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Paved
Parking & Garage
Parking Features:
On Street
Special Features
Fireplaces:
3
Fireplace Type:
View:
Yes
View Type:
City View(s), City
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, T-Station, University, Sidewalks
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
10 schools
Advent School
0.5 mi
Grades K-06
Park Street School
0.5 mi
Grades K-07
St. John Elementary School
0.6 mi
Grades PK-08
A
Eliot K-8 Innovation School
0.7 mi
|
#48 of 352
|
Score: 57.2
Improved 2 spots from last year
-1.1 below state avg
784 students
Diverse
Strong Attendance
Grades PK-08
The Learning Project
0.8 mi
Grades K-06
Kingsley Montessori School
1.2 mi
Grades PK-06
D
Melvin H. King South End Academy
1.2 mi
|
#24 of 25
|
Score: 20.2
Improved 363 spots from last year
-38.1 below state avg
125 students
Diverse
Rising School
Diverse Student Body
Grades PK-12
C
Harvard-Kent Elementary School
1.2 mi
|
#589 of 824
|
Score: 41.5
Dropped 181 spots from last year
-16.7 below state avg
334 students
Very Diverse
Diverse Student Body
Grades PK-06
A-
Warren-Prescott K-8 School
1.3 mi
|
#85 of 352
|
Score: 51.3
Improved 4 spots from last year
-7 below state avg
507 students
Diverse
Grades PK-08
F
Blackstone Elementary School
1.4 mi
|
#809 of 824
|
Score: 26.3
Improved 12 spots from last year
-31.9 below state avg
582 students
Moderate
Grades PK-06
Middle Schools
10 schools
Middle School Academy
1.9 mi
F
Higginson/Lewis K-8 School
2.9 mi
|
#349 of 352
|
Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students
Diverse
Grades 03-08
Nativity Prep School
3.3 mi
Grades 05-08
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
3.4 mi
|
#4 of 16
|
Score: 41.9
Improved 187 spots from last year
-16.3 below state avg
1,126 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
Dearborn Middle School
3.7 mi
Mother Caroline Academy
3.8 mi
Grades 05-08
Epiphany School
4.6 mi
Grades 05-08
C
Ohrenberger School
8.1 mi
|
#265 of 352
|
Score: 34.9
Improved 20 spots from last year
-23.3 below state avg
477 students
Diverse
Rising School
Diverse Student Body
Grades 03-08
Edwards Middle
1.4 mi
UP Academy
1.9 mi
High Schools
10 schools
C
Quincy Upper School
0.8 mi
|
#268 of 346
|
Score: 44.6
Improved 4 spots from last year
-13.6 below state avg
557 students
Very Diverse
12 sports
• 208 athletes
High Graduation Rate
Diverse Student Body
Grades 06-12
Newman School
1.1 mi
Grades 07-12
Cathedral High School
1.3 mi
9 sports
• 430 athletes
Grades 07-12
D
Charlestown High School
1.4 mi
|
#322 of 346
|
Score: 31.0
Improved 49 spots from last year
-27.2 below state avg
754 students
Diverse
11 sports
• 488 athletes
Early College Program
Rising School
Grades 07-12
C-
East Boston High School
2.1 mi
|
#305 of 346
|
Score: 37.3
Improved 31 spots from last year
-20.9 below state avg
1,252 students
Less Diverse
14 sports
• 584 athletes
Early College Program
Rising School
Grades 07-12
A-
O'Bryant School of Math & Science
2.4 mi
|
#90 of 346
|
Score: 61.1
Improved 94 spots from last year
+2.9 above state avg
1,509 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
B
Dearborn STEM Academy
2.5 mi
|
#13 of 25
|
Score: 31.7
Improved 356 spots from last year
-26.6 below state avg
565 students
Diverse
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
A+
Boston Latin School
2.5 mi
|
#19 of 346
|
Score: 73.3
Improved 61 spots from last year
+15.1 above state avg
2,424 students
Very Diverse
18 sports
• 2,006 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
C
Ruth Batson Academy
3.1 mi
|
#19 of 25
|
Score: 27.6
Improved 346 spots from last year
-30.6 below state avg
604 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
A+
Boston Latin Academy
3.2 mi
|
#2 of 25
|
Score: 63.9
Improved 214 spots from last year
+5.7 above state avg
1,693 students
Very Diverse
17 sports
• 1,298 athletes
High Graduation Rate
Rising School
Strong Athletics
Diverse Student Body
Grades 07-12
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Monthly Payment Breakdown
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Homeowners Insurance
$200
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
Beacon Hill
2 Derne Street, Boston MA 02114
Boston, MA 02114
Listing Information
Listing Agent
Daniel Alper
Listing Office
Boston Realty Advisors
Office Phone
617-375-7900
Agent MLS ID
CN254381
Office MLS ID
AN8461
Listing Data Updated
Aug 3, 2026 11:42 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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